Fireman's Fund retirees say company-sponsored financial education seminars led to loss of retirement savings. $36.8 million verdict. Marin County.
Summary
Over ten-year period, Fireman's Fund employees were introduced to financial advisors at company-sponsored financial education seminars. The advice of these financial advisors cost plaintiffs their retirement savings. Bench verdict against ING North America Insurance Corp. and Lion Connecticut Holdings, Inc, the parent companies of the now-defunct seminar company.
The Case
- Court and Case Number: Marin County Superior Court / CIV-092545
- Type of Case: Negligence
- Type of Result: Bench Verdict
The Attorneys
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Attorney for the Plaintiff:
Lewis, Feinberg, Lee, Renaker & Jackson, P.C. by Jeffrey Lewis, Lindsay Nako, Andrew Lah, and Kirsten Scott, Oakland.
Hornstein Law Office by Val Hornstein and Matthew Harrison, San Francisco.
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Attorney for the Defendant:
Foley & Lardner LLP by Lisa Tharpe, Thomas Brown, Alan Ouellette, Kristy Marino, and Jillian Hosseini for ING.